How Does a 401(k) Plan Work?

401(k) plans are made available to employees to help them build a retirement account with tax advantages and to attract and retain talent in the workforce.  With a 401(k) plan, employees have the option to defer wages, up to a limitation, into a qualified retirement plan.  By deferring these wages, the employee will reduce their […]

The Social Security wages are increasing in 2022

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022.  All wages and self-employment income above this threshold are not subject to Social Security tax.  It was $142,800 for 2021.  Background information  The Federal Insurance Contributions Act (FICA) imposes two taxes on employers, employees and self-employed […]

How to make your strategic plan customer-focused

When drafting your strategic plan, whether it be the first time or an update, you might tend to focus on original products or services, new locations or technology enhancements. However, this focus can tend to leave out a very important aspect of your business – your customers. Focusing your strategic planning efforts on your customers […]

4 ways to forecast your cash flow

If you have run a business for any length of time, the importance of forecasting cash flow becomes abundantly clear. When payroll is due, bills are piling up and funds aren’t available, blood pressure could rise. For this reason, being able to accurately forecast cash flow is critical. Rudler, PSC has prepared a list of […]

Tax Treatment of Renting your Vacation Home

If you are fortunate enough to own a vacation home, you may want to rent it for part of the year. If you decide to rent your vacation home, contact your Rudler, PSC advisor as the tax treatment can be complex.   The Tax treatment is based on the number of days it is rented […]

Important Tax Due Dates and Deadlines for 4th Quarter of 2021

In this article we have created a quick summary of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Contact your Rudler, PSC advisor to ensure you are meeting all applicable deadlines and to learn more about the filing requirements. Keep in mind that this list is not all-inclusive, […]

How to Engage Using the Power of Story Telling

Whether you are a sales leader supporting your team or simply trying to close more deals, there is a powerful skill you may not have considered, storytelling. Telling a story is an engaging communication approach that delivers your message and influences buyers.   This doesn’t mean devising fanciful, fictional tales to entice customers and prospects […]

How to make Tax Deductible Charitable Donations of Artwork

If you choose to make charitable donations of artwork, you may qualify for tax deductions. But there are a number of decisions to make and things to consider in determining the tax benefits for which you qualify.   A charitable contribution of a work of art is subject to reduction if the charity’s use of […]